Multiple choice

A company purchased an asset at a cost of 2400 on 18/9/2012. The end of the first period of the asset is on 31/12/2012. The salvage value for the asset is 500 and the depreciation on the asset is 20%. Which function can be used to calculate the depreciation for each accounting period?

  1. AMORLINC function

  2. DURATION function

  3. AMORDEGRC function

  4. ABS function

  5. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

This function will calculate the depreciation for each accounting period.

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